Business news:
21st October 2021 (18:40 pm)
BSE/NSE Results today
The Indian Energy Exchange (IEX) on Thursday posted a nearly 75 per cent jump in consolidated net profit at Rs 77.38 crore for the September quarter, mainly on the back of higher revenues.
The consolidated net profit of the company stood at Rs 44.33 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing.
Total income rose to Rs 122.30 crore in the quarter from Rs 78.71 crore in the year-ago period.
The board in its meeting on Thursday recommended a bonus issue of equity shares in the proportion of two shares of Re 1 each for every one existing share of Re 1 each held by the shareholders as on the record date.
This is subject to the approval of shareholders through postal ballot, it added.
Under the bonus issue, 59,91,13,022 equity shares with face value of Re 1 each (total face value Rs 59,91,13,022) would be issued.
The bonus shares will be issued out of the free reserves created out of the profits of the company available as at March 31, 2021, it said.
The share capital of the company before the bonus issue stands at Rs 29,95,56,511, divided into 29,95,56,511 equity shares of face value of Re 1 each.
The share capital post the bonus issue would be Rs 89,86,69,533, divided into 89,86,69,533 equity shares of face value of Re 1 each.
The company said free reserves of Rs 59,91,13,022 are required for implementing the bonus issue.
As on March 31, 2021, a balance of Rs 42,761.38 lakh is available in the free reserves, it added.
The bonus shares are expected to be credited or despatched within two months from the board meeting (that is, December 20, 2021), it stated.
27th May 2021 (17:40 pm)
BSE/NSE Results today
Cadilla Health Care -
73.5 percent rise in its consolidated net profit at Rs 679 crore for the March-ended quarter. The company had posted a net profit of Rs 391.9 crore for the corresponding period of the previous fiscal
Consolidated total revenue from operations stood at Rs 3,846.7 crore for the quarter under consideration. It was Rs 3,752.1 crore for the same period a year ago, it added. For the financial year ended March this year, the company posted a net profit of Rs 2,133.6 crore as against Rs 1,176.6 crore for the previous financial year
The board of directors has recommended a final dividend of Rs 3.50 per equity share of Re 1 each
Kopran
The Board of Directors of Kopran Ltd at its meeting held on May 27, 2021, has recommended a Final dividend of Rs. 1.50 (15%) per equity share of Rs. 10 each for the year ended March 31, 2021 subject to approval of members at the 62nd AGM. Earlier an interim dividend of Rs. 1.50 (15%) per equity share was paid in the month of November, 2020.
